Samajwadi Party opposed to FDI in retail

Lakhimpur Kheri: Samajwadi Party on Tuesday said it would oppose the move to allow foreign direct investment in multi-brand retail.

SP national general secretary Ravi Prakash Verma told reporters today that the party had made its stand clear that FDI in retail would not be implemented in Uttar Pradesh, where SP is in power.

Verma, who has represented Kheri three times in Parliament before he lost the 2009 general elections, has been nominated as party candidate from Kheri for the next 2014 LS polls.

The former MP said, "The UP government sanctioned mega project of food and fruit processing unit in Kheri at a cost of Rs 100 crore, which would promote rural employment and boost agro-industry in Kheri."

He said the UP government had also agreed to provide power supply through prepaid card. "The pilot project of the pre-paid power supply system would be launched from Gola and later be implemented in all other parts of Kheri," he said.

"An agriculture university at Jamnabad Farm in Gola had been approved by the UP government," he said.